News
Madoff Victims Can’t Sue SEC: U.S. Appeals Court
Victims of Bernard Madoff's investment fraud have lost their bid to sue the U.S. Securities and Exchange Commission for negligence in failing to uncover the swindler's Ponzi scheme. On Wednesday, a ...
Federal Reserve: Low Interest Rates Not Inducing High Risk-Taking…Yet
Federal Reserve staff conducted a wide survey but found no evidence so far that the U.S. central bank's ultra-low interest rate policy has encouraged excessive risk-taking, the Fed said on Wednesday. ...
Alternative Re Capital Wave Lowering Traditional Re Prices Too
If April 1 is an accurate barometer for U.S. property/casualty insurers with June and July 1 reinsurance renewal dates, then those primary carriers can look forward to lower prices for both ...
Japan’s Big Leak: Where Will the Money Go?
The Bank of Japan's massive new bid for inflation will create growth but to its chagrin much of it may well be concentrated in financial markets and outside of Japan. So long as Japanese consumers ...Judge Approves $115 Million AIG Shareholder Settlement
A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged ...
UK Watchdog Tells Financial Product Sellers: No More ‘Buyer Beware’ Defense
Britain's new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers ...
Wal-Mart Moves to Fund Supply Chain Safety After Bangladesh Factory Fire
Wal-Mart Stores Inc., the world's largest retailer, is making its biggest push yet to try to improve conditions at factories that produce its clothing after a fire at a Bangladesh factory last year ...Jury Finds Exxon Liable For $236.4M In MTBE Suit
A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to ...